Alternative Finance of Bank Credit: a Way for the Growth

Grazia Servidio and Anna Maria Fontana

Rivista economica del Mezzogiorno, 2020, issue 1-2, 153-185

Abstract: This study investigates the territorial implementation of alternative financialchannels of bank credit, especially important to contribute to the growth of thecompany size. Firstly, a short excursus on their current implementation in the regionsof the South and Central-North of Italy is reviewed: stock exchange quotation,minibonds, crowdfunding with a particular focus on main private equityand venture capital funds, the most popular finance tools worldwide to financethe birth and development of companies. The proposed disaggregation by regionand aid forms of data from the Agency for Territorial Cohesion on the implementationof financial tools by 31 December 2018 enables to check the presence ofinnovative finance tools, also with reference to the Structural Funds. With respectto this field, some best practices implemented, centrally, from the Ministry of Universityand Research, and regionally, from two Regions of the Southern Italy, i.e.Apulia and Campania, are outlined. Finally, some remarks on the lines of policythat could strengthen the use of finance tools especially in the South, are made.

Keywords: Innovative Finance Tools; Alternative Financing Tools; Southern Italy; Cohesion Policy. (search for similar items in EconPapers)
Date: 2020
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